Nifty 50 IndexNifty 50 IndexNifty 50 Index

Nifty 50 Index

No trades
See on Supercharts

Nifty 50 Index forum


NIFTY intraday only for risky players cmp 24000 sl 24035 tgt 24900-870.....
only for risky players... others stay away...


This month’s been dragging—still haven’t caught a clean X RR setup. deploying spreads, but they’ve just turned into premium burners. Not the bang, just the cushion. advanced positions based on news isn’t in my playbook either. So maybe a 1 PM play, or I sit tight till Monday.

NIFTY BANKNIFTY

We don’t want another move like April 25.
Why is the market struggling to drop? The dollar is rising, and war tensions are already escalating.
NIFTY BANKNIFTY


NIFTY GIFT is unequivocally bearish leaving room for a gap down opening of 250 ~350 pts.

However, there are a series of support(s) - a combo of .236 S + T.line(2) + static support is powerful & crucial.

I personally believe that there will be considerable profit booking [in the view the downtrend still exists].

My view of bearishness extends until 23,363 (.146 E) ~ 23,166 (.5S).

The time frame for a correction is always uncertain - be it small or big - we have to be on safer side - hence the past reco, to surpass 08 May expiry!
Snapshot




NIFTY Weakness manifests as expected with an unexpected surge in IV :-).

RIP option sellers

For today expiry, spot price of 24,175 will be crucial to watch (30mins more).
Snapshot